Test Event 05

Obtain the Property Report required by Federal Law and read it before signing anything. No Federal or State agency has endorsed or judged the merits or value, if any, of the property. This is not intended to be an offer to sell nor a solicitation of offer to buy real estate in any jurisdiction where prohibited by law. Kiawah River is registered with the Massachusetts Board of Registration of Real Estate Brokers and Salesmen, 1000 Washington Street, Boston, Massachusetts 02118 and the Consumer Financial Protection Bureau, 1700 G Street, N.W., Washington, D.C. 20552. For NY Residents: The complete offering terms for the sales of lots are in the CPS-12 application available from the sponsor, Kiawah River Investment (File No. CP19-0037). Pennsylvania Promotional Property License Number OL001175. WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING.